R25
R25 Labs is a Hong Kong-based, private DeFi platform founded in 2025 that operates on-chain vault infrastructure enabling retail and institutional investors to deposit into curated yield strategies across real-world assets (private credit, Treasuries) and crypto-native products (staking, lending, basis trades). Its flagship Axil Prime 3M USDC vault targets 13% APY and is curated by Axil/Pharos with BlackRock, HSBC, and HashKey alumni.
- Company typePrivate
- Founded2025
- HeadquartersHong Kong, Hong Kong SAR China
- Headcount11–50
- GTM typeB2C
- OfferingSoftware
What R25 does
R25 (legal entity R25 Labs) is a Hong Kong-based, privately held company founded in 2025 that operates an on-chain vault infrastructure platform accessible globally via app.r25.xyz. The platform aggregates user deposits and deploys capital into curated yield strategies spanning institutional credit (private credit, Treasuries, commodities, ETFs, structured products) and crypto-native assets (staking, lending spreads, basis trades, liquidity pools). Its flagship product is Axil Prime 3M, a 3-month USDC vault built on Pharos Mainnet targeting 13% APY through emerging-market consumer loan exposure, with security layered via over-collateralization, pledged bank accounts, junior capital buffers, SlowMist audits, and APEX proof of reserves. The company also offers the rcUSD stablecoin within an in-platform exchange module and supports multi-chain deployment across Sui and Polygon with wallet access via Binance, OKX, and Bitget.
R25 operates as a product-led, self-serve platform without disclosed sales intermediaries, targeting both retail and institutional investors seeking transparent, risk-adjusted yields normally available only to professional allocators. The vault curation model relies on external curator teams — notably Axil/Pharos (BlackRock, HSBC, HashKey alumni) for the flagship strategy — combined with institutional infrastructure partners (Anchorage Digital, Utila) and security partners (SlowMist, APEX). Revenue is usage-based, derived from fees on managed vault deposits, though specific fee structures are not publicly disclosed. With 11-50 employees, no disclosed funding rounds, and $130.76M in total vault deposits, R25 is a small, capital-efficient early-stage platform executing an aggressive product and ecosystem expansion strategy across chains, wallets, and RWA verticals.
R25 firmographics
Firmographics- Name
- R25
- Legal name
- R25 Labs
- Website
- https://r25.xyz
- Company type
- Private
- Founded year
- 2025
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- R25 Labs is a Hong Kong-based, private DeFi platform founded in 2025 that operates on-chain vault infrastructure enabling retail and institutional investors to deposit into curated yield strategies across real-world assets (private credit, Treasuries) and crypto-native products (staking, lending, basis trades). Its flagship Axil Prime 3M USDC vault targets 13% APY and is curated by Axil/Pharos with BlackRock, HSBC, and HashKey alumni.
- Ownership category
- akta.pro rank
R25 industry classification
Industry- Product category
- DeFi Vault Infrastructure
- NAICS
- Other Financial Vehicles (525990)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Yield Aggregators & Strategy Vaults (FSADAMAF)
- akta.pro secondary industries
- Yield, Vaults & Asset Management (vault strategies, robo-vaults, structured yield) (FSAPAEAG), RWA Tokenization Platforms (asset onboarding, structuring, issuance) (FSAPAIAC)
Keywords
Where R25 is headquartered
LocationHeadquarters
- HQ city
- Hong Kong
- HQ country
- Hong Kong SAR China
- HQ region
- Asia
Markets served
R25 business model
Business model- GTM type
- B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Vault Deposit Management: R25 generates revenue through management of on-chain vaults that aggregate user deposits and deploy capital across curated yield strategies including institutional credit and DeFi primitives. Revenue likely derives from a portion of yield generated or platform fees assessed on deposited assets.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Usage-based | Pay-as-you-go | Axil Prime 3M - 3-month USDC vault targeting 13% APY |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
R25 product offering
Product offeringCore offering
R25 provides on-chain vault infrastructure that aggregates user deposits and deploys capital across curated yield strategies spanning real-world assets (private credit, Treasuries, commodities, ETFs, structured products) and crypto-native yields (staking, lending spreads, basis trades, liquidity pools). Users access vaults through a self-serve web platform (app.r25.xyz), with flagship offerings including the Axil Prime 3M USDC vault targeting 13% APY and the rcUSD stablecoin. The platform is open-source, self-custodial, audited by SlowMist, and verified by APEX proof of reserves.
Product overview
R25 is an institutional-grade vault infrastructure platform for transparent yields, unifying real-world credit, Treasuries, staking, and arbitrage into a single access point. The core platform is R25 Vaults, enabling deposits into expertly curated strategies. The product portfolio includes R25 Vaults (the main on-chain vault infrastructure for accessing 100+ strategy suites), rcUSD (a stablecoin within the exchange module), and specific vault strategies like Axil Prime 3M (a 3-month USDC vault with 13% target APY). The platform is borderless, composable, and designed to be curator-friendly.
Differentiator
Problem solved
Functional benefit
Brands
- R25 Vaults: On-chain vault infrastructure providing access to curated yield strategies including private credit, treasuries, staking, and arbitrage opportunities.
- rcUSD
- Axil Prime
Products and services
- R25 Vaults On-chain vault infrastructure platform providing access to professionally curated yield strategies across institutional credit (private credit, Treasuries, commodities, ETFs, structured products) and crypto assets (staking yields, lending spreads, basis trades, liquidity pools). Users deposit funds into vaults offering transparent, risk-adjusted yield, accessible 24/7 via the self-serve web app.
- rcUSD Stablecoin available within R25's exchange functionality, enabling stable value transfers and trading within the R25 ecosystem.
- Axil Prime 3M A 3-month USDC vault providing institutional-grade exposure to emerging-market consumer loans, curated by Axil (alumni from BlackRock, HSBC, HashKey). Targets 13% APY with security through over-collateralization, pledged bank accounts, and junior capital buffers. Built on Pharos Mainnet.
Quantifiable outcome
- Target 13% APY in USDC for Axil Prime 3M vault
Companies that use R25
Customer profileSegments1 record
Ideal customer profiles1 record
R25 technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration11 records
Feature3 records
R25 partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core.
- PharoscorePharos team (alumni from BlackRock, HSBC, HashKey) serves as curator for the Axil Prime 3M vault, providing institutional-grade risk management expertise for emerging-market consumer loan strategies. The vault is built on Pharos Mainnet.
- SlowMistcoreSlowMist conducted security audits on the Axil Prime 3M vault, providing security report documentation for transparency. Critical security partner for the platform's institutional-grade infrastructure positioning.
- APEXcoreAPEX provides proof of reserves verification for the Axil Prime 3M vault, enhancing transparency and trust through independent verification of vault collateralization.
Scale indicators3 records
Recent moves6 records
Expansion highlights5 records
R25 competitors and assessment
Company assessmentDirect peers
- Yearn Finance: Yearn is the original on-chain yield aggregator offering automated vault strategies across DeFi protocols. It is the closest analog to R25's core vault infrastructure, though R25 differentiates by layering institutional credit and RWA yields on top of pure DeFi primitives.
- Beefy Finance: Beefy is a multi-chain yield optimizer that automates compounding across dozens of chains and protocols. R25 competes with Beefy on multi-chain vault infrastructure but targets more institutional yield sources (RWA, private credit) and a more curated risk profile.
- Ondo Finance: Ondo provides tokenized US Treasuries and institutional-grade yield products on-chain. R25 integrates Ondo into its ecosystem and competes with Ondo in offering RWA-backed yield to crypto-native depositors via vault structures.
- Centrifuge: Centrifuge is a real-world asset protocol that tokenizes receivables and other off-chain credit. R25 lists Centrifuge as a core integration partner and overlaps with Centrifuge in channeling RWA credit yields to on-chain depositors through structured products.
- Maple Finance: Maple is an institutional on-chain credit marketplace offering yield to lenders through undercollateralized loans to digital-asset institutions. R25's Axil Prime product targets a similar institutional-credit deposit base, though R25 layers vaults and curator oversight atop the underlying credit exposures.
- Pendle Finance: Pendle tokenizes and trades yield on underlying yield-bearing assets, enabling fixed-yield and leveraged-yield strategies. R25's vault suite competes for the same yield-optimization deposit base, with R25 emphasizing a broader institutional-credit and RWA mandate.
- Convex Finance: Convex boosts Curve Liquidity Provider yield through automated compounding and CRV reward optimization. It is a category peer as a yield aggregator but narrower in scope than R25's multi-strategy, multi-asset vault platform.
- Morpho: Morpho is an on-chain lending optimizer that pairs lenders and borrowers via vaults and peer-to-peer matching. R25's vault strategies that include lending spreads overlap with Morpho's lender-side value proposition, though R25 layers RWA and structured yield on top.
- Enzyme Finance: Enzyme (formerly Melon) provides on-chain asset management infrastructure enabling anyone to launch and run crypto-native funds. R25's platform shares the curator-friendly ethos, but R25 deploys pre-built strategies rather than acting as a fund-management toolkit.
Emerging players
- Silo Finance: Silo is an isolated lending market protocol that lets lenders earn risk-isolated yield per asset. It is an emerging player in on-chain yield generation and partially overlaps with R25's lending-spread vault strategies, though R25 focuses on curated, multi-strategy vault aggregation.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
R25 social profiles
Digital presenceR25 compliance and trust
Trust signalCompliance2 records
R25 financial estimates
Financial estimateRevenue estimate
Valuation estimate
R25 leadership team
Management profileNumber of profiles
R25 funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
R25 M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about R25
What does R25 do?
R25 provides on-chain vault infrastructure that aggregates user deposits and deploys capital across curated yield strategies spanning real-world assets (private credit, Treasuries, commodities, ETFs, structured products) and crypto-native yields (staking, lending spreads, basis trades, liquidity pools). Users access vaults through a self-serve web platform (app.r25.xyz), with flagship offerings including the Axil Prime 3M USDC vault targeting 13% APY and the rcUSD stablecoin. The platform is open-source, self-custodial, audited by SlowMist, and verified by APEX proof of reserves.
Is R25 a public or private company?
R25 is a private company. It is classified as unknown and is currently operating.
When was R25 founded?
R25 was founded in 2025. It employs 11 to 50 people.
Where is R25 based?
R25 is headquartered in Hong Kong, Hong Kong SAR China, in the Asia region.
How does R25 make money?
One revenue line is on record: vault Deposit Management.
Who are R25's main competitors?
Direct peers on record are Yearn Finance, Beefy Finance, Ondo Finance, Centrifuge, Maple Finance, Pendle Finance, Convex Finance, Morpho and Enzyme Finance. Silo Finance is listed as an emerging player.
Does R25 have an API?
No public API is recorded for R25.
What industry is R25 in?
R25's product category is DeFi Vault Infrastructure. Its primary akta.pro industry code is FSADAMAF, Yield Aggregators & Strategy Vaults, with a secondary code of FSAPAEAG, Yield, Vaults & Asset Management (vault strategies, robo-vaults, structured yield). Its NAICS code is 525990 and its SIC code is 6199.